Maxim Group analyst Nehal Chokshi maintained a Hold rating on RumbleON Inc (RMBL) today. The company’s shares opened today at $5.80.
Chokshi said:
“Yesterday, before market open, RMBL filed its 10-Q for the quarter ended September 30, 2018. We are maintaining our estimates following the filing as the company pre- announced on in conjunction with the announcement of the acquisition of Wholesale, LLC. We are issuing clarification on the terms used in our prior note published on November 1, 2018. We maintain our Hold rating.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 9.0% and a 55.7% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Currently, the analyst consensus on RumbleON Inc is a Moderate Buy with an average price target of $11.50.
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The company has a one-year high of $10.98 and a one-year low of $3.53. Currently, RumbleON Inc has an average volume of 192.3K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RMBL in relation to earlier this year.
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RumbleON, Inc. operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It focuses on the market for vin specific pre-owned vehicles with an initial emphasis on motorcycles and other powersports.
